In February, the total value of building transactions in Hong Kong was 283 billion Hong Kong dollars, an increase of 25.3% year-on-year.
04/03/2025
GMT Eight
On March 4th, the Hong Kong Land Registry published the statistics for February 2025. In February, a total of 4,307 building sale and purchase agreements were submitted to the Hong Kong Land Registry for registration (a decrease of 12.8% from January, but an increase of 35.1% compared to February of the previous year). Calculated on a twelve-month moving average basis, there were 5,803 building sale and purchase agreements in February (an increase of 1.6% from January, and a 26.1% increase compared to February of the previous year). The total value of the building sale and purchase agreements in February was 28.3 billion Hong Kong dollars (a decrease of 23.0% from January, but an increase of 25.3% compared to February of the previous year).
Among these agreements, there were 3,200 residential building sale and purchase agreements in February (a decrease of 11.7% from January, but an increase of 34.7% compared to February of the previous year). The total value of residential building sale and purchase agreements in February was 23 billion Hong Kong dollars (a decrease of 13.9% from January, but an increase of 20.5% compared to February of the previous year).
The statistics for residential building sale and purchase agreements do not include transactions under schemes such as Home Ownership Scheme, Private Sector Participation Scheme, Tenants Purchase Scheme, unless the relevant units have reached the resale restriction period and the price difference has been compensated. The Hong Kong Land Registry also publishes the figures for building sale and purchase agreements in the past twelve months, annual trends in building sale and purchase agreements, and detailed figures for residential building sale and purchase agreements. Since land documents may be submitted for registration with the Hong Kong Land Registry within thirty days after the transaction date, the registration figures above generally reflect the property transaction figures from the previous month.
In February, there were a total of 338,037 searches conducted by citizens (an increase of 1.1% from January, and a 22.1% increase compared to February of the previous year). The search statistics include searches conducted by citizens through counter services, self-service terminals, and the Integrated Registration Information System online service.